1. Building Foundations to Increase Family Financial Security Webinar 2 February 24, 2016

2. Director of Training, Technical Assistance, and Collaboration Brandi Black-Thacker

3. Director Jeannie Chaffin Community Services Block Grant (CSBG) Assets for Independence (AFI) AFI Resource Center Building Financial Capability: A Planning Guide for Integrated Services Resources:

4. Overview of Financial Capability: Head Start’s history promoting family well-being Language walk / Journey to financial well-being Financial capability services Three methods to provide financial capability services Finding the opportune moment to raise awareness and connect families to services Jennifer Medina

5. Head Start’s history promoting family well-being As a War on Poverty program, initiated in 1965, Head Start has long recognized the importance of family financial security on children’s learning and development.

6. Head Start’s history promoting family well-being In the Improving Head Start for School Readiness Act of 2007, the definition of “family literacy services” was amended to include “financial literacy.”

7. Head Start’s history promoting family well-being In 2011, the Office of Head Start developed an outcomes-based Parent, Family & Community Engagement Framework.

8. Head Start’s history promoting family well-being The first of the seven outcomes is family well- being, which is achieved when all “families are safe, healthy and have increased financial security.”

9. Financial literacy Financial capability Financial security Financial well- being Language walk: The journey to financial well-being

10. Financial literacy Financial capability Financial security Financial well- being KnowledgeSkillsAccess Financial Capability “Financial capability is the capacity, based on knowledge, skills and access, to effectively manage financial resources.” - Executive Order creating the President’s Advisory Council on Financial Capability in 2010

11. Financial literacy Financial capability Financial security Financial well- being Financial security includes: Source: Consumer Financial Protection Bureau

12. Financial literacy Financial capability Financial security Financial well- being Financial well-being includes: Source: Consumer Financial Protection Bureau

13. Financial education Financial capability Financial security Financial well-being Examples of Financial Capability Services

14. Ways to provide these services

15. Referral or partnership ideas Community action agencies United Ways Credit Unions Other financial institutions Assets & Opportunity Network members (www.assetsandopportunity.org/net work)www.assetsandopportunity.org/net work

16. Keys to parent participation and uptake Accessibility: Services must be offered at a time and place that is convenient for families. Relevance: Services must meet families’ specific interests and needs.

17. Poll Questions Thinking about the relevance and accessibility of services, answer these two questions: When are the opportune moments to raise awareness about financial capability services? When are the opportune moments to connect families to these services?

18. Grantee Spotlight: Speaker: Patty Wilson, Deputy Director of Early Care & Education Central Oregon 8 Head Start sites across 2 counties 451 children served each year Community Action Agency Multi-service organization: Child Care Resources, HomeSource, Housing Stabilization, Food Bank, Loan Program, Weatherization, Energy Assistance

19. How did you get started? Year 1: Staff training with HomeSource and Head Start staff using the Consumer Financial Protect Bureau’s Your Money, Your Goals Toolkit (www.consumerfinance.gov/your-money-your-goals) Joint staff meetings between both teams: HomeSource learned about Head Start Head Start learned about HomeSource services Agency leadership support for staff use of HomeSource/NeighborImpact services

20. How did you get started? (cont.) Year 2: Staff: HomeSource staff conducted budgeting training at all the family nights at each site (9 family nights) Parents: HomeSource has attended 2 policy council meetings – budgeting training & overview of HomeSource services Agency-wide: All-staff meeting presented about each other’s programs through skits Planning year for 5-year grant – integrated into 5-year plan (part of “families are ready” goal); connected to family engagement framework

22. What services are you offering parents, and how are you providing these services? ServicesMethod Community financial fitness trainings Education provided by HomeSource counselors Financial counselingReferrals to NeighborImpact HomeSource division Free tax preparationPartnership with CASH Oregon Volunteer Income Tax Assistance (VITA) IDA programReferral to HomeSource

23. Why did NeighborImpact decide to focus on building the financial capability of Head Start parents? Finances are a big stress on families Greater financial security, less stress Less stress, better parenting One way to move out of cycle of poverty Helping families make the most of the income they have

24. How did NeighborImpact assess the financial needs of parents? What did you learn? 260+ parent surveys conducted by Teacher Advocates 2 interviews with parents

27. About how much do you owe? Responded:66% Median$7,000 Mean$16,726 Mean excluding those with mortgages$13,801

29. What advice do you have for Head Start programs interested in financial capability integration? Building Financial Capability: A Planning Guide for Integrated Services (available at http://1.usa.gov/1FxrLnE)http://1.usa.gov/1FxrLnE Take small steps Create staff buy in at all levels Create partnerships!!!

30. Grantee Spotlight: Friends of Children of Mississippi, Inc. (FMC, Inc.) Jackson, Mississippi 26 Head Start sites across 15 counties 2,850 Head Start children 256 Early Head Start children 23 Pregnant females served each year 30

31. Why did FCM, Inc. decide to focus on building the financial capability of Head Start parents? There was a “gap” in our attempt to break the cycle of generational poverty. Fragmented approaches that addressed the needs of children and parents separately often leave either the child or parent behind. 31

32. ServicesMethod Self-employment / microenterpriseIn-house (T.W.O. Project – TANF to Work Ownership and New Attitude I & II) Job placementIn-house (T.W.O. Project – TANF to Work Ownership and New Attitude I & II) Financial literacy trainingPartnership with financial institution IDA programPartnership with financial institution Job skills and clothingPartnership with Dress For Success Career training – Certified Nursing Assistant, Child Development Associate, Phlebotomy and Computer Technology In-house (FCM, Inc. obtained registration and license to train) Access to postsecondary educationPartnerships with local community colleges and universities Free tax preparationIn-house (FCM, Inc. is a Volunteer Income Tax Assistance site) Child carePartnership with Division of Early Childhood Care & Development / Mississippi Department of Human Services What services does FCM, Inc. offer parents and how?

33. How do parents learn about these services? Media (e.g., agency website, TV, radio) Home visits Flyer distribution in local shopping malls, churches, at HS/EHS Centers Monthly Empowerment sessions 33

34. How do the financial services that FCM, Inc. offers reinforce the employment services provided? Financial services complement and reinforce employment services. The services encouraged parents to come to our local FCM, Inc. Head Start/Early Head Start centers to get job training in early childhood education in the classroom where they can go back to school to become teachers. 34

35. What outcomes has FCM, Inc. achieved? All TANF to Work Ownership (T.W.O.) Project participants: 750 participants have been trained in the (T.W.O.) Project 90% have secured employment; returned to school or college or started businesses of their own. 489 jobs were created, secured or the individuals moved to a higher grade paying position. Head Start & Early Head Start participants: 726 parents enrolled in adult education such as GED, college selection. 812 parents enrolled in job training. 1,874 parents enrolled in parent education. 100 parents received housing assistance, plus 38 community participants. 35

36. What advice do you have for Head Start programs interested in financial capability integration? Promise only what you can deliver. Take small steps. Be an outstanding sales person. Build relationships that will become a partnership. “If you want something that you’ve never had; then you must do something that you’ve never done.” 36

37. Grantee Spotlight: Friends of Children of Mississippi, Inc. (FMC, Inc.) Dr. Marvin Hogan, Executive Director Friends of Children of Mississippi, Inc. 6425 Lakeover Road Jackson, MS 39213 Phone: (601) 321-0960; Fax: (601) 987-5900(601) 321-0960(601) 987-5900 E-mail: fcmeagleeye@fcmi-ms.usfcmeagleeye@fcmi-ms.us Website: friendsofchildren.orgfriendsofchildren.org 37

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